Home USD/JPY Technical Analysis: Looking to maintain 112
FXStreet News

USD/JPY Technical Analysis: Looking to maintain 112

  • Dollar traders looking for a bullish push to kick off Monday with thin markets and Japan on holidays.
  • Market sentiment remains subdued by trade wars, and risk appetite remains off-kilter.
  • Failure to break last week’s high nearby could see the bullish mid-term correction falter.

USD/JPY Chart, 1-Hour

Spot rate 112.07
Relative change 0.06%
High 112.12
Low 111.94
   
Trend Bullish to sideways
   
Support 1 111.82 (50-hour EMA)
Support 2 111.46 (200-hour EMA)
Support 3 111.06 (61.8% Fibo retracement level)
   
Resistance 1 112.16 (previous week high)
Resistance 2 113.17 (one month high)
Resistance 3 113.50 (major technical level)

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.